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Semiconductor equipment maker for etch, rapid thermal processing and dry-strip steps, built around acquired Mattson Technology.
Semiconductor equipment maker for etch, rapid thermal processing and dry-strip steps, built around acquired Mattson Technology.
Sells dry-strip, rapid thermal and anneal machines made by its Mattson unit in California, which Beijing E-Town-backed investors bought in 2016, so its engineering base is overseas while its owners and a growing share of buyers are Chinese. Orders follow fab construction, with service and spares for installed tools as ongoing income.
In one line: China's Applied Materials-adjacent RTP/etch equipment specialist.
Moat: narrow (IP / patents, customer qualification, process know-how). Inherited Mattson's RTP/etch IP and global customer base, now paired with China-fab access.
Headquarters: Beijing, China · Founded: 2016 · Employees: 1,270
Size Beijing E-Town Semiconductor Technology (688729.SS) is a China Industrials company (Industrial Machinery) with a market value of $8.94B, the 275th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥20.28 on 6 Nov 2026.
Performance Over six months the shares fell 14.1%, against -15.8% for the median peer and -16.4% for the China market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 9.6% over the last twelve months (peer median +8.1%); the operating margin is 12.0% (peer median 12.5%).
Valuation It trades at 52.3× forward earnings against a peer median of 20.7× (4th most expensive of 21).
Capital Return on invested capital runs 10.8 points below its cost of capital (18.5% WACC).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥4.86B | CN¥5.08B | CN¥4.63B | CN¥3.93B | CN¥4.76B |
| Revenue growth | — | +10% | +18% | -17% | — |
| Gross profit | CN¥1.95B | CN¥1.76B | CN¥1.59B | CN¥1.26B | CN¥1.27B |
| EBITDA | n/a | CN¥771M | CN¥675M | CN¥416M | CN¥494M |
| Net income | CN¥1.23B | CN¥671M | CN¥541M | CN¥309M | CN¥383M |
| Free cash flow | CN¥501M | -CN¥572M | CN¥404M | CN¥206M | -CN¥906M |
| Capital expenditure | CN¥358M | CN¥302M | CN¥316M | CN¥426M | CN¥398M |
| Total debt | CN¥577M | CN¥946M | CN¥1.66B | CN¥1.20B | CN¥974M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Beijing E-Town Semiconductor Technology 688729.SS | $8.94B | -14% | +10% | 12% | 52.3× | n/a |
| Applied Materials AMAT | $264B | -24% | +8% | 31% | 18.8× | 25.5% |
| NAURA Technology 002371.SZ | $60.6B | +4% | +18% | 11% | 56.5× | 33.4% |
| Advanced Micro-Fabrication Equipment Inc. China 688012.SS | $36.5B | +1% | +26% | 12% | 51.5× | 51.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 688729.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.0% | -10.5% | 9th highest of 21 |
| 6-month return | -14.1% | -15.8% | 11th highest of 21 |
| Distance from 52-week high | -54.2% | -47.2% | 9th lowest of 21 |
| Revenue growth (TTM) | +9.6% | +8.1% | 10th highest of 21 |
| Operating margin | 12.0% | 12.5% | 9th lowest of 21 |
| Forward P/E | 52.3× | 20.7× | 4th most expensive of 21 |
| ROIC minus cost of capital | -10.8 pp | +0.9 pp | 2nd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Beijing E-Town Semiconductor Technology 688729.SS | China | $8.94B | -14% | +10% | 12% | 52.3× | n/a | n/a |
| Shenzhen Han's CNC Technology 301200.SZ | China | $9.08B | -25% | +98% | 21% | 32.1× | n/a | n/a |
| IMI IMI.L | United Kingdom | $8.81B | +3% | +8% | 21% | 19.9× | 14.3% | +4.8% |
| Guangdong Dtech Technology 301377.SZ | China | $9.23B | -18% | +119% | 36% | 50.9× | n/a | n/a |
| NIBE Industrier NIBE-B.ST | Sweden | $9.25B | +7% | +2% | 10% | 27.3× | 13.5% | +8.5% |
| Ebara 6361.T | Japan | $9.28B | -40% | +9% | 11% | 14.5× | n/a | n/a |
| Huagong Tech 000988.SZ | China | $9.54B | -47% | +16% | 7% | 30.9× | n/a | n/a |
| GlobalWafers 6488.TWO | Taiwan | $8.15B | -23% | -6% | 11% | 21.4× | n/a | n/a |
| Indutrade INDT.ST | Sweden | $9.94B | +39% | +6% | 12% | 28.6× | 18.4% | +10.9% |
| Han's Laser Technology Industry 002008.SZ | China | $7.97B | -48% | +59% | 12% | 19.1× | 19.6% | +9.5% |
| Rational Aktiengesellschaft RAA.DE | Germany | $7.95B | -4% | +6% | 27% | 26.1× | 14.8% | +14.2% |
| Wuxi Lead Intelligent Equipment 0470.HK | Hong Kong | $7.95B | -61% | +35% | 10% | 13.3× | 8.2% | +19.0% |
| Flowserve FLS | United States | $10.2B | +13% | 0% | 14% | 17.8× | 15.0% | +4.9% |
| Leader Harmonious Drive Systems 688017.SS | China | $7.84B | +27% | +46% | 15% | 283.8× | n/a | n/a |
| Zhejiang Jingsheng Mechanical & Electrical 300316.SZ | China | $7.69B | -13% | -25% | 0% | 74.3× | 39.6% | +24.6% |
| Zoomlion Heavy Industry Science & Technology 1157.HK | Hong Kong | $7.63B | -36% | +23% | 7% | 8.1× | 12.6% | -5.0% |
| Kokusai Electric 6525.T | Japan | $7.62B | -21% | +15% | 19% | 20.0× | 30.9% | -1.5% |
| Sulzer SUN.SW | Switzerland | $7.39B | +23% | -3% | 13% | 17.9× | -1.4% | +3.7% |
| Robotechnik Intelligent Technology 300757.SZ | China | $7.37B | -42% | +203% | 9% | 219.2× | n/a | n/a |
| Pentair PNR | United States | $10.9B | -11% | -4% | 22% | 13.2× | 7.1% | +6.7% |
| Graco GGG | United States | $10.9B | -13% | +5% | 27% | 20.0× | 8.1% | +6.3% |